DRIP Network Full Ecosystem Blueprint Strategy
In my first Medium post, I’d like to share my current Drip Network Ecosystem strategy.
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If you’re looking to get rich fast, you should save your time and skip this article. This is not a get rich quick strategy, so you should stop reading this article. To achieve this strategy, one must participate in most of the game theory associated with the Drip Faucet, Garden, and Animal Farm.
As you can see in the image above, how we will participate in this strategy will be laid out. To begin, we will explore the Drip Garden. Without going into too much detail, all you need to know is to think of it as a big pie shared by the Drip Community. For more information about the garden, check out this page. It is recommended that you have at least 1,000+ Drip in your Drip Faucet before trying this strategy.
The garden has about 33k participants and around 211k LP at the time of this writing. When you buy fresh plants (LP) to stake and work for you in your garden, you climb the ranks of all participants to increase your daily LP returns. I have highlighted some important statistics that you need to be aware of when dealing with your garden in the image below.
STEP 1: Build your garden
My strategy involves getting at least 10 LP daily returns to your Garden. Once you reach 10+ LP daily returns, you can begin claiming from your Garden every day. You will receive DRIP/BUSD LP tokens in return when you sell your seeds. You can take 50% and deposit it in your Garden and stake the other 50% on the Farms to earn DOGS tokens. Even though you can’t beat decay, with this strategy, you can minimize it while trying to maximize ROI.
Check out my video below to see how I view the garden.
Step 2: Do 5 Day Compound/ 2 Day Claim Strategy with Drip Faucet
Some people on the DRIP Telegram always say that you shouldn’t sell your tokens at these low prices. They also say that you shouldn’t play with the Drip Faucet by maxing out your wallet. It’s true that everyone is going to sell at some point, but you can’t stop them from doing so. So, during the week, my strategy involves compounding five days’ worth of DRIP and then claiming and selling out two days’ worth.
I said that you should have a minimum of 1,000 DRIP deposits for this portion of the strategy in your faucet. The process of accumulating DRIP until Friday, then hydrating on that day, then letting the available balance increase until Sunday, then claiming and selling that day, and repeating this process every week can also be done this way to save gas fees. What to do with the claimed DRIP is completely up to you, but I’m currently building up PIG Tokens. My goal is to stake around 100 PIGS in the Pigpen.
Step 3: Stake DOGS into DOG Pound
Stake your DOGS in the DOG Pound every EOW (End of Week). I recommend that you accumulate at least one DOG before attempting to stake, so if you have less than that, hold onto your wallet until you have one. The Linear Pool is an effective way to earn BNB while staking DOGS. The best strategy I’ve found for staking DOGS is to stake until you reach 84% tax reduction. As soon as you hit that, I recommend pairing up the DOGS with BNB as an LP to stake in the farms to earn PIGS, which can then be dropped into the PIGPEN.
Optional Step 4: DCA and Stake Bluechips and Stablecoins pairs inside farms and pools.
To earn more income from DOGS, you can stake stablecoins and bluechips that you already own and aren’t collecting interest on. Animal Farm is a safe place to park your funds. APRs aren’t juicy right now due to a bear market and no fresh utilities, but once Forex releases new features that boost the value of its native tokens, the APRs will rise again.
Step 5: Last Day of every month, Withdraw 25% from DRIP/BUSD LP Farm. Split it, put the DRIP in the Faucet, and buy DRIP with BUSD to deposit in the faucet.
When to take profits on bluechips?
If you have a copy of my strategy tracker, you will see that I have included images of my custom take profits levels of popular bluechips that you can stake currently on Animal Farm. As the tracker is updated over time, I will be able to show you how this works. Check out the image below to see how it works.
As of this writing, Bitcoin is selling for $28,112. This is still a ridiculously cheap price. To get started, figure out the dollar amount you want to spend to dollar cost average. For example, if you want to invest $20,000. Don’t spend all your money on Bitcoin. Instead, you will look at the Coin Price and see if the price aligns with what I have on the spreadsheet. Then, take 30% ($7,000) of your $20,000 and stake it on Animal Farm to generate passive income.
Now, let’s say the price of Bitcoin increases to $47,531. You will be in profit around this time, because you purchased back when Bitcoin was in the upper $20k range. Looking at the spreadsheet, you would only sell 5% of your holdings into a stablecoin like USDT, BUSD, and DAI and stake them into the farms and pools on the Animal Farm. To lock in profit, you would continue to sell a percentage as the price increases. Looking at the image, if Bitcoin were to hit my maximum $76,049 take profit limit, then I would sell up to 35% of my holdings to lock-in a total profit of $19,965. So, you should have around $34,442 in your portfolio in Bitcoin and Stablecoins all still staking on Animal Farm.
How do you get a copy of this spreadsheet? I didn’t make the sheet and I forgot who did, but shoutout to them, but make a copy of your Google Sheets and input numbers you see fit.
https://docs.google.com/spreadsheets/d/1X6gSruRempP-lDUWnPA-jmgs_bLAFcmZXoNrYCZ17GY/edit?usp=sharing
If you stay consistent with this strategy, expect to see an increase in your portfolio.
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